New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
GTIS Partners Launches Build-to-Rent Subsidiary
GTIS Partners, a Manhattan-based global real estate investment firm managing $4.3 billion in gross assets with a U.S. focus on residential and industrial/logistics investments, has launched Tavalo, a dedicated build-to-rent community development company and a subsidiary of GTIS.
Tavalo has already completed its first of many planned build-to-rent community projects, called Tavalo at Cadence, located in Mesa, AZ and including a total of 197 build-to-rent units, a fully equipped gym, a yoga studio, three resort-inspired pools and a spa. Additionally, by using HercuWall, a panelized wall system comprised of concrete, steel and EPS, energy costs at Cadence have been reduced by up to 40%.
“We are thrilled to announce the launch of Tavalo,” said Tom Shapiro, president and CIO of GTIS. “The unique value of self-developing these build-to-rent projects is that we can bring our team’s collective expertise and research capabilities together to create and provide beautiful and thoughtful communities for renters across the U.S.”
He added, “We look forward to developing additional communities under Tavalo.”
- ◦Development
